Core Points - Dongni Electronics faces administrative penalties from the China Securities Regulatory Commission (CSRC) for significant delays in disclosing major contract progress and false records in annual reports [1][2] - The company will be subject to risk warnings, with its stock name changing to "ST Dongni" and a trading suspension for one day [1] - A total of 15.7 million yuan in fines is proposed for Dongni Electronics and six executives, including a 900,000 yuan fine for a 95-born female secretary [1][2] Summary by Sections Company Financial Misstatements - The 2022 annual report and 2023 semi-annual report inflated profits by 38.63% and 70.95%, respectively, totaling approximately 111 million yuan [2] - The company will make retrospective adjustments in its 2024 reports to correct these accounting errors [2] Penalties and Fines - The CSRC plans to impose a 7 million yuan fine on Dongni Electronics and fines on individual executives, including 3.5 million yuan for Shen Xinfang and 1.7 million yuan for Shen Xiaoyu [2][7] - Other fines include 1 million yuan for Yang Yun, 1 million yuan for Zhong Weiqin, and 600,000 yuan for Luo Binbin [7] Company Background - The current board secretary, Weng Xinyi, born in December 1995, has a master's degree and has held various positions within the company since 2020 [2]

Core Viewpoint - Zhejiang Dongni Electronics Co., Ltd. (ST Dongni) has experienced significant stock price fluctuations, with a cumulative decline of over 12% in three consecutive trading days, prompting an announcement regarding abnormal trading conditions [2] Group 1: Company Overview - ST Dongni was established on January 25, 2008, with a registered capital of 2.324 billion RMB, and is headquartered in Huzhou, Zhejiang Province [4] - The company specializes in the research, development, production, and sales of ultra-fine alloy wire, metal matrix composites, and other new materials [4] - The current chairman is Shen Xiaoyu, and the company has 2,234 employees [5] Group 2: Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the first three quarters of 2025 were 1.889 billion RMB, 1.836 billion RMB, 1.981 billion RMB, and 1.457 billion RMB, showing year-on-year growth rates of 41.04%, -2.76%, 7.86%, and 1.50% respectively [5] - The net profit attributable to shareholders for the same periods were 78.97 million RMB, -607 million RMB, 11.52 million RMB, and -146.05 million RMB, with year-on-year growth rates of 223.36%, -868.95%, 101.90%, and 65.72% respectively [5] - The company's asset-liability ratios for the same periods were 53.09%, 66.24%, 65.58%, and 65.55% [5] Group 3: Risks and Regulatory Issues - The company is facing several risks, including administrative penalties, operational risks due to negative net profit in the first three quarters of 2025, and high pledge ratios of the controlling shareholder [2] - On January 5, 2024, the company disclosed that its subsidiary Dongni Semiconductor failed to meet delivery plans for 2023, leading to regulatory warnings from the Shanghai Stock Exchange against the company's management [3] - The company has a total of 114 risk alerts, with 73 surrounding risks, 39 historical risks, and 58 warning reminders [6]

Core Viewpoint - The stock of Zhejiang Dongni Electronics Co., Ltd. (ST Dongni) has experienced significant trading fluctuations, with a cumulative closing price drop of over 12% across three consecutive trading days, triggering abnormal trading conditions as per Shanghai Stock Exchange regulations [2][5]. Group 1: Stock Trading Abnormalities - The company's A-share stock saw a cumulative closing price drop of over 12% on October 31, November 3, and November 4, 2025, qualifying as an abnormal trading fluctuation [2][5]. - The company conducted a self-examination and confirmed that there were no undisclosed significant matters affecting the stock's trading fluctuations, aside from publicly disclosed information [6][7]. Group 2: Financial Performance - For the first three quarters of 2025, the company reported a revenue of 145,738.31 million yuan, a net loss attributable to shareholders of -1,460.51 million yuan, and a net profit of -2,767.06 million yuan after deducting non-recurring gains and losses [3][12]. Group 3: Shareholder Pledge Risks - The controlling shareholders, Shen Xinfang and Shen Xiaoyu, have pledged a total of 90,197,500 shares, which represents 79.35% of their total holdings and 38.80% of the company's total share capital, indicating a high pledge ratio [3][13]. Group 4: Regulatory Actions - On October 29, 2025, the company received a notice of administrative penalty from the China Securities Regulatory Commission, which included risk warnings for the company's stock [3][11]. Group 5: Board Assurance - The company's board of directors confirmed that there are no undisclosed matters that should have been disclosed according to stock listing rules, and previous disclosures do not require correction or supplementation [14].

证券代码：603595 证券简称：ST 东尼 公告编号：2025-051 浙江东尼电子股份有限公司 股票交易异常波动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司 A 股股票于 2025 年 10 月 31 日、2025 年 11 月 3 日、2025 年 11 月 4 日连续 3 个交易日内收盘价格跌幅偏离值累计达到 12%以上，根据《上海证券 交易所交易规则》的有关规定，属于股票交易异常波动。 经自查，并书面问询公司控股股东、实际控制人，截至本公告披露日， 除已公开披露的信息外，公司及其控股股东及实际控制人均不存在其他影响公 司股票交易异常波动的重大事项，不存在应披露而未披露的重大事项。 重大风险提示： 1、公司于 2025 年 10 月 29 日收到中国证券监督管理委员会浙江监管局下 发的《行政处罚事先告知书》（浙处罚字[2025]19 号），依据《行政处罚事先告 知书》载明的内容，公司股票被实施其他风险警示。 2、公司已于 2025 年 10 月 18 日披露《东尼电子 2025 年第三季度 ...

证券代码：603595 证券简称：ST东尼 公告编号：2025-050 浙江东尼电子股份有限公司 2025年第二次临时股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东大会召开的时间：2025年11月3日 (二)股东大会召开的地点：浙江省湖州市吴兴区织里镇利济东路588号A幢201会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： ■ 1、公司在任董事5人，出席5人； 2、公司在任监事3人，出席3人； 3、公司董事会秘书翁鑫怡出席本次会议；副总经理陈泉强、戴兴根、丁勇、李峰、李艳军、吴红星、 吴佳、许国帅及财务负责人谭国荣列席本次会议。 二、议案审议情况 (一)非累积投票议案 1、议案名称：关于2025年第三季度计提资产减值准备的议案 (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，董事长沈晓宇先生主持，会议采取现场投票及网络投票相结合的表决 方式进行 ...

浙江东尼电子股份有限公司 2025年第二次临时股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 11 月 3 日 证券代码：603595 证券简称：ST 东尼 公告编号：2025-050 (二)股东大会召开的地点：浙江省湖州市吴兴区织里镇利济东路 588 号 A 幢 201 会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 459 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 119,582,055 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股份总数的比例（%） | 51.4459 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，董事长沈晓宇先生主持，会议采取现场投 票及网络投票相结合的表决方式进行表决，会议的召集、召开、 ...

上海市锦天城律师事务所 关于浙江东尼电子股份有限公司 2025 年第二次临时股东大会的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11/12 楼 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于浙江东尼电子股份有限公司 2025 年第二次临时股东大会的法律意见书 致：浙江东尼电子股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受浙江东尼电子股份有限公 司（以下简称"公司"）委托，就公司召开 2025 年第二次临时股东大会（以下 简称"本次股东大会"）的有关事宜，根据《中华人民共和国公司法》（以下简 称《公司法》）、《上市公司股东会规则》等相关法律、法规及规范性文件以及 《浙江东尼电子股份有限公司章程》（以下简称《公司章程》）的有关规定，出 具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定，严格履行 了法定职责，遵循了勤勉尽责和诚实信用原则，对本次股东大会所涉及的相关事 项进行了必要 ...

Core Viewpoint - Dongni Electronics is facing administrative penalties from the China Securities Regulatory Commission (CSRC) for failing to disclose significant contract progress and for falsifying financial reports, which has led to potential investor compensation claims [1][4]. Group 1: Disclosure Issues - Dongni Electronics failed to timely disclose the inability to meet the delivery schedule of a major contract worth 675 million yuan, which accounts for 51.84% of its latest audited revenue [2]. - The company only reported a 6.74% completion rate of the contract by the end of October 2023, with the delayed disclosure occurring on January 6, 2024 [2]. Group 2: Financial Misstatements - The company inflated its profit figures by 38.63% and 70.95% in its 2022 annual report and 2023 semi-annual report, respectively, due to misclassification of expenses and inadequate provisions for inventory impairment [3]. - Specific misstatements included misclassifying research and development expenses as inventory and failing to account for related party transactions [3]. Group 3: Legal and Compensation Implications - Following the CSRC's findings, Dongni Electronics and responsible personnel are subject to warnings and fines [4]. - A law firm is actively seeking to represent affected investors who purchased Dongni Electronics' securities between March 11, 2023, and January 5, 2024, for potential compensation claims [5].

Group 1 - The controlling shareholder of ST Dongni, Mr. Shen Xiaoyu, holds approximately 38.7 million shares, accounting for 16.65% of the total share capital [1] - After the recent share pledge and unpledge, Mr. Shen Xiaoyu has pledged a total of 30.4 million shares, which is 78.54% of his holdings and 13.08% of the total share capital [1] - The combined shareholding of the controlling shareholders and their concerted parties, Mr. Shen Xin Fang and Mr. Shen Xiaoyu, is about 114 million shares, representing 48.9% of the total share capital [1] Group 2 - The total pledged shares by Mr. Shen Xin Fang and Mr. Shen Xiaoyu amount to approximately 90.2 million shares, which is 79.35% of their combined holdings and 38.8% of the total share capital [1] - For the fiscal year 2024, ST Dongni's revenue composition is projected to be 92.78% from manufacturing and 7.22% from other businesses [1] - As of the latest report, ST Dongni's market capitalization stands at 5 billion yuan [2]

浙江东尼电子股份有限公司（以下简称"公司"或"本公司"）于近日获悉 控股股东、实际控制人沈晓宇先生所持有本公司的部分股份解质及质押，具体情 况如下： 证券代码：603595 证券简称：东尼电子 公告编号：2025-049 浙江东尼电子股份有限公司 关于控股股东部分股份解质及质押的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司控股股东沈晓宇先生持有本公司股份 38,704,602 股，占公司总股本 的 16.65%；本次股份解质及质押后，沈晓宇先生持有本公司股份累计质押数量 30,400,000 股，占其持股数量的 78.54%，占公司总股本的 13.08%。 公司控股股东及其一致行动人沈新芳、沈晓宇先生合计持有本公司股份 113,674,602 股，占公司总股本的 48.90%；本次股份解质及质押后，沈新芳先生 和沈晓宇先生持有本公司股份累计质押数量 90,197,500 股，占其合计持股数量的 79.35%，占公司总股本的 38.80%。 一、公司股份解质及质押情况 本次解除质押股份用于后续质押， ...